VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Strong Trading Volume Following Dividend Announcement

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw unusually-strong trading volume on Wednesday after the company announced a dividend. Approximately 532,198 shares traded hands during trading, an increase of 106% from the previous session’s volume of 258,105 shares.The stock last traded at $35.52 and had previously closed at $35.47.

The newly announced dividend which will be paid on Friday, December 13th. Investors of record on Thursday, December 12th will be paid a $0.0929 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

VictoryShares Free Cash Flow ETF Trading Down 0.6 %

The business has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $32.90. The company has a market cap of $1.16 billion, a PE ratio of 13.10 and a beta of 0.75.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several hedge funds have recently bought and sold shares of VFLO. StoneX Group Inc. increased its stake in shares of VictoryShares Free Cash Flow ETF by 1,903.2% during the third quarter. StoneX Group Inc. now owns 481,324 shares of the company’s stock worth $16,028,000 after buying an additional 457,296 shares during the period. Sequent Asset Management LLC acquired a new stake in VictoryShares Free Cash Flow ETF during the 3rd quarter worth $324,000. Thoroughbred Financial Services LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at approximately $209,000. TAP Consulting LLC increased its position in VictoryShares Free Cash Flow ETF by 1.6% during the 3rd quarter. TAP Consulting LLC now owns 97,130 shares of the company’s stock worth $3,234,000 after purchasing an additional 1,526 shares during the period. Finally, Kennedy Investment Group acquired a new stake in VictoryShares Free Cash Flow ETF in the third quarter valued at $406,000.

VictoryShares Free Cash Flow ETF Company Profile

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.